Preview

Nike Business Strategy

Better Essays
Open Document
Open Document
9262 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Nike Business Strategy
Nike’s Gameplan for Growth that’s Good for All | Management Innovation eXchange

Page 1 of 29

M-Prize winner
This story is one of ten winning entries in the Long-Term Capitalism Challenge, the third and final leg of the Harvard Business Review / McKinsey M Prize for Management Innovation.

Story:

Nike’s Gameplan for Growth that’s Good for All by Lorrie Vogel - General Manager of Considered Design at Nike Inc. Co-Authored by Agata Ramallo Garcia
October 17, 2012 at 1:29pm

18

36

0 Comments

2 Ratings:

Overall

4

Innovative

4

Detail

Summary
Innovation is a cornerstone of the Nike brand. Our company was founded by two visionaries, Bill Bowerman and Phil Knight, who set out to reinvent athletic footwear. Over the past decade, our drive to design and produce better, faster, lighter products has evolved into an even more ambitious agenda – to embed long term sustainability into our business. This broader vision calls for new approaches to design, management, partnership and new tools and metrics to support integration and adoption throughout Nike. Many of Nike’s

http://www.managementexchange.com/story/nike%E2%80%99s-gameplan-growth-that%E2%80%99s-good-all

21/02/2013

Nike’s Gameplan for Growth that’s Good for All | Management Innovation eXchange

Page 2 of 29

management innovations for sustainable growth started internally, with the Corporate Responsibility and Considered Design Teams. As internal efforts took hold, the focus expanded externally. Nike is now reinventing its supplier, industry and business relationships. It is leading industry efforts for systemic change and pursuing an agenda of truly disruptive innovation. Nike Dare to Dream video: http://vimeo.com/11680452

Moonshot(s)
• Develop holistic performance measures • Make direction-setting bottom-up and outside-in • Retool management for an open world

Context
NIKE, Inc. based near Beaverton, Oregon, is the world's leading designer, marketer and

You May Also Find These Documents Helpful

  • Powerful Essays

    Hecht, O. (2011, July 5). What we can learn from apple and nike. Retrieved from…

    • 5847 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Nike could modify its products and services through its innovative marketing strategy taken from evaluations on customer benefits and needs, whereas the product succeeded innovation technology with fashions that cater to customer satisfaction on a global level (Nike, 2000). Nike currently seeks out innovative ways to create advance athletic products and methods to speak creatively to the market because the success of Nike is based on marketing strategy that weighs current factors and trends (Nike, 2000). If Nike continues the innovation of new marketing ideas for their services and products, the organization will maintain their current role of innovative leadership with products, developments, and revenues in the athletic sports-wear industry (Nike,…

    • 1072 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Nike Executive Summary

    • 512 Words
    • 3 Pages

    Kimi ford, a portfolio manager at NorthPoint Group, a mutual-fund management firm noticed that Nike’s share price had declined considerably from the start of the year. So Nike’s management held a meeting to try and figure out a new strategy to rejuvenate the firm. The management had some new plans to address their financial woes.…

    • 512 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    This paper explores Nike and their ability to overcome the consumer market. We will take a look at their strategic planning as far as concept, market segment and value proposition. Throughout this paper we will explain how Nike is one of the most sustained companies in our markets. The reason behind their success, their new inventions and solutions that seem to benefits athletes all around the world.…

    • 1621 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Nike is in constant movement, and under restructuring. Using the talents of veteran employees and bringing in new and fresh ideas is important to the innovation process within each department. Nike encourages internal movement (Nike.com 2006) where it makes good sense for the employee and Nike.…

    • 735 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Under Armour Swot

    • 324 Words
    • 2 Pages

    Build, fuel and accelerate the power of the Nike portfolio by creating innovative, “must have” and sustainable products, building deep personal consumer connections, and delivering compelling consumer experiences at retail and online.…

    • 324 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    * Nike’s mission statement is all about combining the love for sports with a mutinous and headstrong nature to think out of the box by means of innovation and inspiration (Katz 1994)…

    • 9486 Words
    • 38 Pages
    Powerful Essays
  • Better Essays

    modified heart of change

    • 2583 Words
    • 8 Pages

    An alternative to the eight steps suggested by Kotter and Cohen is the Model of Organizational Change and Development. This model operates in this way: forces for change affect performance outcomes, which are the focus of diagnosis of the problem, which leads to the selection of appropriate methods, as constrained by impediments and limiting conditions, followed by implementation of the method, which is the provision for program evaluation, and lastly feedback is provided to begin the change process over once again (Ivancevich, Konopaske & Matteson, 2014, p. 514). Operating in a similar manner to the eight steps used in Heart of Change, the Model of Organizational Change and Development also uses specific steps that have been considered essential to successful change management (Ivancevich, Konopaske & Matteson, 2014, p. 513). In both approaches to change, the need for change is ever present for organizations to achieve success in…

    • 2583 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Nike Strategic Plan

    • 1020 Words
    • 5 Pages

    How can Nike continue to increase their sales and profitability, not only here in the U.S. but around the world? Nike also needs to improve their public image as well as their customer service to continue to be competitive in the apparel industry.…

    • 1020 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Review of Nike Considered Index and Support Tools 1 Description of the Considered Index Approach Introduction The Considered Index approach can be described as a set of strategic design innovation tools providing: Nike has invited The Natural Step to provide external assessment and advice on the Considered Index from a strategic sustainable development perspective. This review covers the overall Index approach, recognizing that there are variations of the Index (e.g. for apparel and footwear).…

    • 3240 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    nike goal

    • 642 Words
    • 4 Pages

    of the stakeholders groups and weigh their relative rights and their relative ability to affect the…

    • 642 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Nike Marketing Plan

    • 7636 Words
    • 31 Pages

    Nike is a worldwide powerhouse in the athletic shoe and apparel industry. Nike's short, but yet effective mission statement is characteristic of such success. Nike paints a picture of their company for the world to see their, "inspiration and innovation", as well as their "commitment to serve everyone in the world". Through a continuous effort by Nike to remain at the apex of technology and innovation, they are the market leader by a significant margin. As a result of Nike's pursuit of selling a broad spectrum of products, they possess a formidable competitive advantage.…

    • 7636 Words
    • 31 Pages
    Good Essays
  • Powerful Essays

    marketing strategy

    • 4031 Words
    • 17 Pages

    Nike Inc. founded in 1964 by Bill Bowerman and Philip Knight is global leader in sportswear and footwear industry. With Nike occupying around 45% of global market share in footwear and apparels and moving further ahead, much of the organisational success can be credited to its marketing strategy that have helped the organisation achieve revenue worth billions every fiscal year ($18…

    • 4031 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    Business Submission

    • 1131 Words
    • 5 Pages

    ‘To bring inspiration and innovation to every athlete* in the world’ is our mission. As the statement, it can be proved that innovation is becoming significantly essential concept for the company; we make decision to achieve customer satisfaction thought innovate appropriate products to the global market customers. Nearly 60 years, we put the innovation and sustainability as core of our developing direction as well as maximize our business market. Meanwhile we are looking forward compelling, confident and conveying positive word of mouths and feel it is what makes us corporate with favourable partners in the future (Nike.Inc, 2013). This submission desires to share our previously outstanding performance to local networking and continues improvement for which is emerging organization to learn from our mistakes. In this proposal we tend to address two principles of the UN Global Contract and provide our recommendations that we expect it will help the local network members.…

    • 1131 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Nike Case Study

    • 2273 Words
    • 10 Pages

    Kimi Ford, a portfolio manager at North Point Group, is looking into the profitability of investing in the stocks of Nike for her fund that she manages. She is supposed to base her decision the company’s data which was disclosed in the 2001 fiscal reports. While Nike management had addressed several issues that are causing the decrease in market sales and stock price, management presented plans to improve and perform better. Nike revenue has been at a plateau since 1997 yet net income and market share were falling. Supply chain issues and the strong dollar negatively affected revenue too. Plans are in place to address top line growth and operating performance. To boost revenue, the company would develop more athletic shoes in the mid priced segment which has been overlooked by Nike in recent years. They also planned to push their apparel line which under strong leadership had performed very well to control expenses. Revenue growth targets are around 8-10% and earnings targets are above 15%. Analyst reactions were mixed as some of them thought this was too aggressive. Lehman Brothers recommended a strong buy while others expressed misgivings and recommended a hold. At this point, North Point Group decided to do their own analysis in order to decide if Nike shares should be purchased for the fund.…

    • 2273 Words
    • 10 Pages
    Good Essays

Related Topics